Brief: Solvay Eyes Mid-Single Digit Average Organic Underlying EBITDA Growth In 2028

Solvac SA

13/11/2023 06:07

Nov 13 (Reuters) - Solvac SA  SOAC.BR :
    * SOLVAY (ESSENTIALCO) UNVEILS ITS NEW STRATEGY AND 2028
FINANCIAL
TARGETS
    * UNVEILS ITS NEW STRATEGY AND 2028 FINANCIAL TARGETS
    * IT CONFIRMS ITS COMMITMENT TO ENERGY TRANSITION AND REACH
CARBON
NEUTRALITY BY 2050
    * OUTLOOK 2028: ANNUAL AVERAGE ORGANIC UNDERLYING EBITDA
GROWTH OF
MID-SINGLE DIGIT (IN %)
    * OUTLOOK 2028: UNDERLYING EBITDA MARGIN EXPANSION (IN %) TO
MID-TO-HIGH 20S
    * OUTLOOK 2028: FREE CASH FLOW CONVERSION (IN %) EXCEEDING
MID-30S
    * 2028 TARGETS: TOTAL GROSS SAVINGS OF EUR 300 MILLION
ANNUAL
RUN-RATE
    * OUTLOOK 2028: ROCE (IN %) INCREASING TO LOW 20S

Source text for Eikon:  ID:nGNE6fHcs3 
Further company coverage:  SOAC.BR 

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